By MIKE BAÑOS
THE P1.7 billion Laguindingan Airport Development Project in Laguindingan town in Misamis Oriental has greatly contributed in pump priming the Northern Mindanao economy just as the effects of the global financial crisis started to creep in locally.
The bulk or 85.53 percent of the P1.7-billion was contributed by the civil works and buildings undertaken by the contractor Hanjin Heavy Industries and Construction Co., Ltd. in the last 14 months of the airport’s construction.
The airport construction included site clearing and earthworks for the airside and landside areas, reinforced box concrete culvert for the airside area and foundation works at the passenger terminal building designed to serve as future international airport in North Mindanao in 2012.
The balance of the amount pumped into the economy by the project was accounted for by the airport access road and resettlement areas for residents displaced by the project.
“All the materials and manpower were sourced from the region, except for some specialty items we had to purchase outside the city or the country,” said Engr. Della P. Capicenio, airport project manager during a recent media update here.
The 4.4 kilometer, four lane access road is 85.53 percent completed for Phase 1 (embankment work, sub-grade preparation, sub-base layering, drainage works) and 65.15 percent for Phase 2 (clearing and grubbing, earthworks, embankment and drainage works).
Phase 1 is expected to be completed by April 18, 2009 and Phase 2 by June 4, 2009, Capicenio said. The contractor for the access road is V. T. Lao Construction.
The P 40.6 million site development of the Phase 2 Resettlement Site implemented by the National Housing Authority was completed as scheduled on Sept. 15, 2008 including the construction of 109-unit duplex type core housing units.
Besides the local purchase of materials, Capicenio said, the project now employs some 800 workers, most of who are from Laguindingan and the adjacent towns in Misamis Oriental.
The National Economic and Development Authority recently revealed the government has earmarked P160 billion for small infrastructure projects in rural areas such as farm-to-market roads, irrigation and other fast-moving, community-based initiatives.
The amount is part of the national government’s P330-billion stimulus package aimed at sustaining the economy’s growth despite the worsening effects of the global financial crunch.
A second wave of pump priming through large scale public infrastructure construction has been set for 2010 using a P100 billion public-private infrastructure stimulus fund.